Tullet Prebon 2015 interim results

DividendMax Ltd.

Tullet Prebon 2015 interim results

Operational Summary

Revenue up 15%, Operating profit up 20%

Outstanding performance from PVM

Acquisition of MOAB strengthens Energy in the Americas

Resilient performance from the broking business

Strong contribution from Information Sales and RMS

Tullett Prebon Information named best data provider for fifth consecutive year

Financial Highlights

Underlying, before exceptional and acquisition related items

Revenue £415.7m (2014: £360.3m)

Operating profit £60.6m (2014: £50.3m)

Operating margin 14.6% (2014: 14.0%)

Profit before tax £52.9m (2014: £43.2m)

Basic EPS 17.7p (2014: 16.0p)

Reported, after exceptional and acquisition related items

Profit before tax £111.1m (2014: £8.9m)

Basic EPS 36.2p (2014: 1.3p)

A table showing Underlying and Reported figures for each period detailing the exceptional and acquisition related items is included in the Financial Review.

Dividend

As in previous years, the interim dividend for 2015 has been set at a level equal to 50% of the final dividend paid for the previous year. This approach to setting the interim dividend is expected to continue.

The 5.6p per share interim dividend will be paid on 12 November 2015 to shareholders on the register at close of business on 23 October 2015.

Companies mentioned